The Metropolitan Opera expects to achieve a balanced budget in 2011, the first for the company since 2004. In other good news, contributions and grants were up about 21% between 2009 and 2010; program service revenue rose about 6% in the same period. Maestro James Levine took a 5% pay cut, sending his 2010 compensation tumbling to only $1.5 million. [Bloomberg]

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